In response to the growing commuter volume, the Malaysian cabinet has given the green light to a significant redevelopment proposal for Kuala Lumpur Sentral Station. Expected to cost around RM1 billion, this redevelopment plan aims to upgrade and expand the transportation hub, thereby meeting the city’s growing transportation demands.
Malaysian Resources Corporation (MRCB), a leading urban development company in Malaysia, is set to finance and spearhead this ambitious project. Transport Minister Anthony Loke confirmed this information during a press briefing, emphasizing that the ongoing operations of public transportation wouldn’t be disrupted during the redevelopment.
Loke stressed that the redevelopment is indispensable given the pivotal role KL Sentral Station plays as the city’s central transportation hub. The station’s usage has surged to 200,000 daily passengers, and its existing capacity falls short of this burgeoning demand.
A collaboration between MRCB, Malaysia’s Public Private Partnership Unit (UKAS), and the PM’s department, will be involved in executing the project. Loke stated that the transport ministry will grant a maximum of two years for both parties to finalize decisions. Given the immediate need for expansion and upgrade, the minister described this project as both strategic and crucial.
The KL Sentral Station is not the only transportation hub set for a revamp. A rebranding endeavor is also in the pipeline for Kuala Lumpur International Airport. Earlier this year, the Malaysian government consented to rename Kuala Lumpur International Airport (KLIA) and Kuala Lumpur International Airport 2 (KLIA2) as KLIA Terminal 1 and KLIA Terminal 2, respectively.
The move is set to strengthen KL International Airport’s status as a regional hub, according to Malaysia Airports managing director, Dato’ Iskandar Mizal Mahmood. The rebranding will enable more effective marketing of the airport’s services, fortifying its position regionally.
The rebranding is expected to occur following the signing of an agreement between the government and Malaysia Airports Holdings by the end of the first quarter. Echoing Mahmood’s sentiments, Loke stressed that rebranding KLIA is crucial for the commercial sustainability of KLIA and promoting the growth of airports throughout Malaysia.
This news is based on Marketing Interactive.